DUBLIN, Ireland, January 10, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/c3wxgr/marine_lubricants) has announced the addition of the "Marine Lubricants Market By Product (Mineral, Synthetic, Bio), By Application (Engine Oil, Hydraulic Oil, Grease, Etc.) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018" report to their offering.
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Marine lubricants constitute mineral oil, synthetic and bio lubricants. Marine lubricants are manufactured either from crude oil from chemicals or vegetable oils. Lubricants are required to reduce the friction caused between different operating components and increase their output efficiency. Marine lubricants help in assisting various components in performing their functions smoothly. The growing shipping industry is expected to fuel the overall marine lubricants market growth.
Marine lubricants are segmented based on their applications in different machines, engines, etc wherein these lubricants play a vital role in reducing friction and increasing the output efficiency of the operating machines. The engine oil marine lubricants have a higher market share than hydraulic oil marine lubricants. The growing incidence of oil spillage has impacted aquatic life. Bio lubricants are non toxic, non-bio-accumulative and biodegradable in nature and hence are preferred to mineral oil marine lubricants.
Marine lubricants are segmented based upon the type of base oils as mineral oil marine lubricants, synthetic marine lubricants, and bio marine lubricants. Mineral oil marine lubricants dominated the market in 2011 and are expected to continue dominating the market in 2018. The growing environmental concerns and increased awareness amongst the marine lubricants end users is expected to fuel the demand for bio marine lubricants.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Marine Lubricants Market, By Product Type
5 Global Marine Lubricants Market, By Application
6 Global Marine Lubricants Market, By Geography
7 Company Profiles
- Bp Marine
- Exxonmobil Corporation
- Gulf Marine And Industrial Supplies Inc.
- Idemitsu Kosan Co., Ltd.
- Iko Marine Lubricant Supply Co. Ltd
- Jx Nippon Oil & Energy Corporation
- Lubmarine (Total Group)
- Lukoil Marine Lubricants
- Quepet Lubricants
- Royal Dutch Shell Plc
- Sinopec Corporation
For more information visit http://www.researchandmarkets.com/research/c3wxgr/marine_lubricants
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets